Janus Henderson Group PLC Has $64.54 Million Position in ATS Corporation $ATS

Janus Henderson Group PLC grew its position in ATS Corporation (NYSE:ATSFree Report) by 166.5% in the first quarter, HoldingsChannel.com reports. The fund owned 2,297,214 shares of the company’s stock after buying an additional 1,435,375 shares during the period. Janus Henderson Group PLC’s holdings in ATS were worth $64,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of ATS by 187.1% in the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after purchasing an additional 1,970,040 shares during the period. Norges Bank bought a new position in ATS during the fourth quarter worth about $29,727,000. Alberta Investment Management Corp increased its position in ATS by 217.5% during the fourth quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock worth $36,918,000 after buying an additional 918,100 shares during the last quarter. Royal Bank of Canada increased its position in ATS by 8.9% during the fourth quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after buying an additional 623,369 shares during the last quarter. Finally, EdgePoint Investment Group Inc. raised its stake in ATS by 8.0% in the fourth quarter. EdgePoint Investment Group Inc. now owns 6,888,785 shares of the company’s stock valued at $189,771,000 after buying an additional 507,491 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Price Performance

ATS stock opened at $27.24 on Friday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 52.38 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. ATS Corporation has a 12 month low of $23.84 and a 12 month high of $35.82. The stock’s 50 day moving average is $28.16 and its 200-day moving average is $29.97.

ATS (NYSE:ATSGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $535.09 million for the quarter, compared to analyst estimates of $529.43 million. ATS had a return on equity of 9.40% and a net margin of 2.40%. Equities research analysts expect that ATS Corporation will post 1.34 EPS for the current year.

Analysts Set New Price Targets

ATS has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Scotiabank reissued an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, ATS has an average rating of “Hold” and an average target price of $42.50.

Check Out Our Latest Report on ATS

ATS Company Profile

(Free Report)

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.

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Institutional Ownership by Quarter for ATS (NYSE:ATS)

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